I didn't buy in 2004 for two reasons: (1) because the place I found that seemed affordable turned out to have a bunch of unacceptable conditions (including a requirement in the deed to to rent a parking space in a garage owned by the developer in perpetuity, at a rent to be unilaterally determined by him - I can only assume the people who did buy condos in the (really quite nice) development didn't read what they were signing). And (2) Because I believed the market was in a bubble: I decided to hang onto my savings til the bubble burst, and buy then.
Now it turns out that I used my savings recovering from a health disaster, but it doesn't matter: One of the main planks of all the bailout platforms is to keep housing prices from falling "too far."
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I didn't buy in 2004 for two reasons: (1) because the place I found that seemed affordable turned out to have a bunch of unacceptable conditions (including a requirement in the deed to to rent a parking space in a garage owned by the developer in perpetuity, at a rent to be unilaterally determined by him - I can only assume the people who did buy condos in the (really quite nice) development didn't read what they were signing). And (2) Because I believed the market was in a bubble: I decided to hang onto my savings til the bubble burst, and buy then.
Now it turns out that I used my savings recovering from a health disaster, but it doesn't matter: One of the main planks of all the bailout platforms is to keep housing prices from falling "too far."
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